NSE Clearing Warning for Fake Circular Scam: The National Stock Exchange (NSE) has asked investors to be cautious of frauds being committed through fake circulars. The exchange has recently issued a serious warning in this regard, asking investors and clearing members to beware of fake circulars being sent in the name of NSE Clearing Limited (NCL). In this warning from NSE, it has been said that in recent times some un-verified communications, in which NCL’s logo and letterhead have been used, are being spread with the aim of deceiving investors.
Beware of fake circulars
NSE said in its press release that some people are demanding payment from investors by threatening them with freezing their investment accounts through emails or letters. Links are being given in these letters through which investors are being asked to make payment to unfreeze their accounts. This entire process is being done with the intention of cheating.
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Verify the information received in the name of NCL
NSE has issued a circular advising investors and clearing members not to immediately and blindly trust any information being sent in their name. Every official information issued by NSE Clearing Limited (NCL) is published only on their official website. Any information received from any other source should not be considered valid unless its authenticity is verified from the NSE website.
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What are the dangers of fake circulars?
- Pretending to be official information: NCL’s logo and letterhead are being used in these circulars, making them look like genuine ones.
- Risk of fraud: The main objective of these fake circulars is to defraud investors of money.
- Misleading information: These circulars may mislead investors into making payments through fake links.
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NSE’s advice to investors
NSE has suggested investors not to react to these fake circulars and in case of any suspicious letter or email, immediately report it to the concerned authorities. Any official information regarding this is always available on the website of National Securities Clearing Corporation Limited (NSCCL). NSE Clearing Limited, formerly known as National Securities Clearing Corporation Limited (NSCCL), is a subsidiary of NSE. It was the first clearing corporation in India to introduce settlement guarantee. It is recognized by SEBI as QCCP. It is important for investors to be cautious to avoid such frauds. Do not consider any communication as verified until it is verified from the official website of NCL.